| 1011. |
Washington Post, The (DC) - July 13, 1977
Peseta Cut 25% |
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The Spanish government's devaluation of the peseta, announced late Monday, has reduced the currency's worth by slightly less than 25 per cent and provided an unexpected bonanza for travelers.The official foreign exchange market, which was closed by the government Monday, reopened today with a rate of 87.30 pesetas to the dollar. The previous rate set by the Bank of Spain was 69.99 pesetas.Coming at the height of the tourist season, the devaluation has...
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| 1012. |
Washington Post, The (DC) - August 16, 1977
Inflation Eases in U.K. |
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Britain's Labor government declared yesterday that the worst of the inflation which has caused alarm and gloom here for years is at last over.The government issued figures showing that prices barely rose in July, the best price news in three years for Britons who have been suffering sharp rises in their cost of living.In another indication of optimism, the Bank of England cut the minimum lending rate by 0.5 per cent to seven per cost. This is the lowest level since 1972....
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| 1013. |
Washington Post, The (DC) - September 1, 1977
Citibank of New York said yesterday it is investi |
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Citibank of New York said yesterday it is investigating a possible fraud involving up to $3 million at its Rome branch.An executive of a small marble company allegedly wrote checks worth nearly that amount to an Italian export firm which used its Citibank account to clear them. But the export company said it had made good on all but $340,000 of the checks from its own accounts.A Citibank spokesman said the bank will sue to recover as much of the loss as possible....
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| 1014. |
Washington Post, The (DC) - August 18, 1977
The surplus funds the oil rich Middle Eastern lan |
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The surplus funds the oil rich Middle Eastern lands had available for investment abroad grew to $9.6 billion in the first quarter of this year from $8.8 billion last year, the magazine Mideast Report said yesterday.The biggest chuck of the money - $3.5 billion - was invested in the U.S. up from $1.7 billion in the first quarter of 1976.Mideast investments in Britain, mainly bank deposits, dropped to $2 billion from $4 billion in the first quarter of 1976....
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| 1015. |
Washington Post, The (DC) - August 11, 1977
Dollar Posts Broad Gains |
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The U.S. dollar advanced over a broad front yesterday, spurred on by the project of higher U.S. interest rates and suggestions that the Bundesbank may cut its bank rate to stimulate the German economy.The dollar's rally this week - interrupted by a spate of profit-taking Tuesday - saw the American currency gain almost another pfenning in Frankfurt yesterday to 2.3188 West German marks from 2.3085. This compared with a record low of 2.2463 marks on July 26.In Zurich, the...
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| 1016. |
Washington Post, The (DC) - May 11, 1977
On the Mideast Road |
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SYRIA'S PRESIDENT Assad is the latest Middle East leader Mr. Carter has seen in his deepening quest for a regional settlement. As in the earlier sessions, the vibrations were pleasant enough: Each foreign leader who sees the President hopes to impress him with his earnestness and sincerity, and it suits Mr. Carter in this introductory period to smile back. If there has developed any change of position or attitude sufficient to put adversaries within diplomatic hailing distance,...
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| 1017. |
Washington Post, The (DC) - April 10, 1977
Police Fire on Protesters in Pakistan |
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Dozens of persons were reported dead in riots that broke out following protests against Prime Minister Zulfiqar Ali Bhutto's government in the populous and politically volatile Punjab Province.Reliable sources said at least 33 persons were killed, most by police bullets, while at least 300 were injured. The Punjab provincial government confirmed eight deaths.The sources said hard-pressed police opened fire here, where 26 persons died, as mobs rampaged through the city...
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| 1018. |
Washington Post, The (DC) - December 1, 1977
Dollar Soars Against Yen |
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The U.S. Dollar surged sharply higher against the Japanese yen and Swiss franc yesterday and edged up against most European currencies.The dollar closed at 244.20 yen, up from 241.875 Tuesday, after climbing as high as 246 yen in very active trading.The only loss suffered by the dollar in fairly active end-of-month trading was against the British pound, which was strengthened by a Bank of England announcement that any further increase in its minimum lending rate - currently at 7 per...
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| 1019. |
Washington Post, The (DC) - August 18, 1977
Export Rise For Brazil |
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Brazilian exports, notably coffee, for the first seven months of 1977 were 36 per cent higher than in corresponding period last year, according to a government report released yesterday.Exports for the period totalled $7.25 billion compared to $5.31 billion in the year-earlier period, according to Cacex, the Bank of Brazil's export division. Three items - soybeans, coffee and iron ore - made up 52.86 per cent of all foreign sales, Cacex reported.Coffee exports totalled...
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| 1020. |
Washington Post, The (DC) - April 12, 1977
Deficits in the U.S. balance of trade that normal |
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Deficits in the U.S. balance of trade that normally would help the economies of other industrialized nations are not doint so because the are exclusively paying for oil imports, according to Manufacturer's Hanover Trust Financial Digest."Formerly, when the United States ran a trade deficit, two developments would result," the bank's monthly newsletter said. "By importing more goods than we were exporting, we would help the... |
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